EURUSD: SELL 1.1460, SL 1.1480, TP 1.1370 | 20 يونيو 2025

EURUSD:

The EUR/USD pair continued to decline to 1.1465 during Thursday's Asian session. The euro (EUR) is weakening against the US dollar amid risk sentiment caused by rising geopolitical tensions in the Middle East. Traders are awaiting speeches by European Central Bank (ECB) officials on Thursday, including Christine Lagarde, Joachim Nagel and Luis de Guindos, in the hope of new impetus.

The US Federal Reserve (Fed) kept its key rate in the 4.25-4.50% range at its June meeting on Wednesday, where it has been since December. The US central bank signalled a slowdown in the pace of future rate cuts amid concerns that US President Donald Trump's tariffs could lead to higher consumer prices. According to the ‘dot plot’, the Federal Open Market Committee (FOMC) plans two rate cuts later this year.

On Thursday morning, Bloomberg reported that US officials are preparing for a possible strike on Iran in the coming days. Some of them pointed to possible plans to launch a strike over the weekend. Fears that direct US involvement will lead to an escalation of the conflict are supporting demand for safe-haven currencies such as the US dollar (USD) and having a negative impact on the main currency pair.

On the other hand, hawkish statements by European Central Bank (ECB) officials may help limit the losses of the single currency. ECB President Christine Lagarde said that rate cuts are coming to an end, as the central bank is now ‘well positioned’ to deal with the current uncertainty.

Trading recommendation: SELL 1.1460, SL 1.1480, TP 1.1370

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